Reporting Process
ScottMadden did not adhere to a single reporting framework while preparing this report but followed standards and guidance from the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB) when identifying specific metrics and administering the assessment. Contents were guided by the results of our 2022 materiality assessment and available quantitative data. We have updated the metrics tracked and reported to continue to align with sustainability reporting best practices. All data and metrics are from FY 2022, FY 2023, and FY 2024 unless otherwise noted.
Summary of 2024 Results
Community Engagement
Employee Well-being and Development
Environment and Emissions
Data Privacy and Cybersecurity
Business Ethics and Integrity
Notes on metrics:
[1] Active employees only, excludes those who were on extended leave of absence (e.g., parental leave)
GHG Emissions Reporting
Continuing with the carbon accounting model used in previous Corporate Responsibility Reports, ScottMadden adjusted its assumptions and emissions factors to reflect the most accurate calculations from business travel and electricity consumption. The verification process evaluated the accuracy and reliability of the reported data, ensuring conformance to the World Resources Institute and World Business Council for Sustainable Development’s standards, allowing the company to confidently determine the necessary carbon offsets.
During the 2024 calendar year, ScottMadden affirmed its commitment to accurate environmental reporting by securing independent assurance of its GHG emissions inventory. Sustainability Assurance Services (SAS) audited ScottMadden’s 2023 GHG analysis, adhering to a limited level of assurance and applying professional judgement based on SAS’ verification procedures and ISO 14064:2019 – Part 3. This assurance engagement confirmed alignment with ScottMadden’s established reporting methodologies and the Greenhouse Gas Protocol corporate standard. The elements verified included direct (scope 1), indirect (scope 2), and other indirect (scope 3) emissions related to business travel and employee commuting.
As of this report, scope 2 emissions data from our office buildings are derived from more accurate estimates provided by our property managers, reflecting an improvement in the precision of electricity usage data. This adjustment has led to a decrease in reported scope 2 emissions by 46% since last year.
Additionally, this year, we refined our business travel calculation methodology by developing new formulas that cross-reference itinerary data from our business travel software with flight expenditure reports. This improvement, prompted by our transition to a new ERP system, has enhanced our ability to accurately identify travel methods and reduce duplicate entries. As a result, we have reduced historical airfare data inflation, which we estimate was previously overestimated by 5%-10%.
Forward-Looking Statements
This report may contain forward-looking information, including statements about ScottMadden’s corporate responsibility efforts. These statements are based upon ScottMadden’s current beliefs and expectations and involve risks and uncertainties. If underlying assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements. ScottMadden disclaims any obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.
